Globalization has stimulated much controversy in recent years. Some studies have shown that globalization increases economic growth, narrows the income gap between rich and poor nations and reduces poverty. But some critics argue that globalization may encourage governments to participate in a “race to the bottom”, i.e., countries compete for international investment by offering low or no environmental regulations or labor standards. Evaluate the major arguments. (At least 4 typed pages, 1000 words-count, including your sources).

Globalization has stimulated much controversy in recent years. Some studies have shown that globalization increases economic growth, narrows the income gap between rich and poor nations and reduces poverty. But some critics argue that globalization may encourage governments to participate in a “race to the bottom”, i.e., countries compete for international investment by offering low or no environmental regulations or labor standards. Evaluate the major arguments. (At least 4 typed pages, 1000 words-count, including your sources).